Service-oriented - Die Schweizerische Post
Service-oriented - Die Schweizerische Post
Service-oriented - Die Schweizerische Post
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154 Annual Report | Financial Report | Additional information about <strong>Post</strong>Finance<br />
Additional information about <strong>Post</strong>Finance<br />
The following financial statements of <strong>Post</strong>Finance were prepared in accordance with the principles of IFRS segment<br />
reporting and correspond to the Financial <strong>Service</strong>s segment. In contrast to the presentation in Note 6, Income<br />
from financial services in the Nots to the consolidated financal statements, Groupinternal transactions with<br />
other segments (including services purchased by the <strong>Post</strong> Office Network and Mail) have not been eliminated.<br />
<strong>Post</strong>Finance – income statement<br />
2006 2005<br />
CHF m<br />
Interest income<br />
Interest income on amounts due from banks 45 20<br />
Interest income on reverserepurchase transactions<br />
Interest income on interestbearing amounts due from customers<br />
Interest and dividend income on FVTPL1 104<br />
48<br />
9<br />
9<br />
: held for trading<br />
0<br />
–<br />
Interest and dividend income on financial assets<br />
Interest expense<br />
724<br />
734<br />
Interest expense for customer deposits<br />
– 274<br />
– 183<br />
Interest expense for amounts due to banks<br />
– 6<br />
0<br />
Interest expense on repurchase transactions<br />
– 2<br />
– 2<br />
Net interest income<br />
Change in writedowns of financial assets<br />
Losses on payment transactions<br />
Net interest income after writedowns 591 649<br />
Commission income on lending, securities and investment business<br />
69<br />
40<br />
Commission income on other services<br />
18<br />
18<br />
Income from services 515 525<br />
Commission and services expenses – 322 – 294<br />
Net services and commission income 280 289<br />
Net trading income 92 80<br />
Realized gains and losses on financial assets 5 11<br />
Other operating income – 5 1<br />
Total operating income 963 1 030<br />
Staff costs – 295 – 277<br />
General overheads – 397 – 412<br />
Depreciation and amortization – 26 – 29<br />
Total operating expenses – 718 – 718<br />
Operating profit 3 245 312<br />
Income from associates 2 2<br />
Income from intraGroup financing 5 5<br />
Profit 252 319<br />
1 FVTPL: Fair value through profit or loss (fair value changes are taken to the income statement).<br />
2 Incl. reversal of impairment for financial assets.<br />
3 Corresponds to the operating result for the financial services segment.<br />
600<br />
– 9<br />
0<br />
626<br />
29 2<br />
– 6
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